999 Cordova Street, Pasadena, CA 91106 - Berkshire Hathaway HomeServices California Properties
999 Cordova Street Pasadena, CA 91106
$2,400,000 0 beds, 0 baths
0 sqft

Agent Remarks

Exceptional multifamily investment with ADU/redevelopment opportunity at 999 Cordova Street (aka 153 S. Catalina Avenue) in the City of Pasadena, California. With its rare large lot size of +/-12,171 SF in one of Pasadena's most sought-after neighborhoods at the intersection of Cordova Street and Catalina Avenue, the property presents an extraordinary opportunity to either redevelop ADU units, or redevelopment the entire property to up to 27 multifamily units with its CD-MU-N Zoning and leveraging the State of California's AB 2345 density bonus (Buyer verify). With its phenomenal location, the property is just minutes' walk from the South Lake Avenue commercial district, Old Town Pasadena, the Paseo shopping center, Caltech, Pasadena City College, and the Metro Gold Line. Tenants enjoy walkable access to a vibrant mix of retail, dining, and entertainment options, as well as close proximity to major employers.Therefore, the large +/-12,171 SF lot size may allow 18 units by right (Buyer verify). The investor/developer can benefit from the property's strong current income with rental upside from its existing 8 units.This meticulously maintained and professionally managed property features eight (8) existing 1 Bed / 1 Bath units with ample carport and street parking and attractive mid-century architectural charm. Some units have wood flooring and some have carpet. New electrical subpanels were installed in all eight units in 2025, and new exterior painting in 2023. The onsite laundry room generates additional income.Contact listing agents for Offering Memorandum. Buyer to verify all information herein. Broker/Agent and Seller does not guarantee its accuracy. Drive-by only, please do not walk on the property or disturb the tenants.

Listing Details

Property type: Apartment (Multi-Family)
Status: Active Under Contract
MLS# P1-22624
List price is $2,400,000
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 1953
2 stories
0.28 acres
Lot size: 0.2794
Subdivision: Not Applicable
County: Los Angeles
Property style: Mid-Century Modern
Zoning: CD-MU-N
Parking description: Carport
Lot description: Front Yard,Landscaped,Sprinklers None,Value In Land,Yard
Heating/cooling: Wall/Window Unit(s)
Heating description: Wall Furnace
MLS area: 648 - Pasadena (SE)

Last Updated: 6/8/2025

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This listing belongs to the 648 - Pasadena (SE) MLS area

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The style of this listing is Mid-Century Modern.
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Lat/Long: 34.143104, -118.129773.
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Listing Agent: Tzu-ning Chang
Co Listing Agent: Annie Deng
Lic#: 01234982
Office Name: Mission Viejo

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